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November 10, 2006
Today's sponsor: Financial Research Associates, LLC

(Click on company name or banner to learn more.)
Banner ad for Financial Research Associates, LLC

THE 3RD ANNUAL HEALTH SAVINGS ACCOUNT SUMMIT

BRIDGING THE WORLDS OF FINANCE AND HEALTHCARE

January 24th - 25th, 2007 The Paris Hotel, Las Vegas, NV- Our primary mission is to help employers, health benefits firms, and financial services firms develop and implement the right products at the right time in order to lower healthcare costs and motivate employee and plan participant behavior.


(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)

San Francisco Voters Embrace Paid Sick Days
Excerpt: "Yesterday, the 'Baghdad by the Bay' became the first city to require employers to provide paid sick days, the San Francisco Examiner reports. The ordinance requires employers with 10 or fewer workers to provide a minimum 5 days of paid sick leave. Workplaces with more than 10 employees must provide at least 9 paid sick days. The time can be used to care for sick family members or domestic partners." (The Oregonian)

San Francisco to Require Employers to Provide Sick Leave for Employees
Excerpt: "Cementing its reputation as a progressive haven and further irking business groups, San Francisco has become the first city in the country to mandate paid sick leave for all employees." (Los Angeles Times; free registration required)

Text of IRS Revenue Ruling 2006-56 on Use of Per Diem Allowances Without Substantiation of Expenses (PDF)
10 pages. Where an expense allowance arrangement has no mechanism or process to track allowances paid and routinely pays per diem allowances in excess of the federal per diem rates without requiring actual substantiation of all the expenses or repayment of the excess amount, all payments made under the arrangement will be treated as made under a nonaccountable plan. (Internal Revenue Service)

Study: Potential Impacts of Adverse Selection on Health Insurance Costs in Consumer Choice Models
Excerpt: "[E]ven a small shift in enrollment among enrollees who end up with high health expenses can have a meaningful impact on plan costs. Additional research will be needed to determine whether there is a health difference between people who enroll in new consumer directed health plans and those who choose more comprehensive plans and, if so, how that difference affects plan costs." (Kaiser Family Foundation)

Opinion: Democrats Can Make Themselves Useful by Socializing Medicine
Excerpt: "[E]liminating the ever-more-elaborate financial game-playing between insurers, doctors, and patients would save an enormous amount of money, and so would eliminating costly medical care required when a patient has failed to receive preventive care, which is comparatively inexpensive. Medicare, Medicaid, and the Veterans Administration all have their faults, but they all manage to deliver health care more cheaply than private insurance . . . ." (Slate.com via Physicians for a National Health Program)


Links to Items on Executive Comp, Benefits in General

Social Security and 50+ Workers: A Survey of AARP Florida Members
Excerpt: "Over half of AARP Florida members are retired and not looking for work, but nearly a third are still working. Focusing on the importance of economic security and health care as motivating factors, this mail survey of 1,089 Florida members explores why those who choose remain in the workforce do so." (AARP)

Overview: Executive Compensation and Related Person Disclosure (PDF)
7 pages. In question & answer format; a summary of changes to SEC Form 8-K regarding executive compensation that became effective on November 7, 2006. (Sutherland Asbill & Brennan LLP)


Newly Posted Events
(Post Yours!)

Documented Confusion: Restatements and Interim Amendments
Nationwide on December 12, 2006
presented by SunGard Corbel

Form 1099-R: Brave New World after Roth
Nationwide on December 5, 2006
presented by SunGard Corbel

Making the Web Work for You: Employee Benefits Greatest Hits
in Ohio on November 30, 2006
presented by WEB (Worldwide Employee Benefits Network) Cleveland Chapter


Newly Posted Press Releases
(Post Yours!)

IRS Provides Guidance on Per Diem Expense Reimbursements Paid By Employers
(Internal Revenue Service (IRS))


Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

ERISA Compliance Specialist
for Associated Benefit Planners, Ltd.
in PA

Senior Legal Counsel (ERISA)
for Eastman Kodak Company
in NY

Health & Welfare Service Delivery Manager
for Constantin Control Associates
in NJ

Retirement Services Client Relations Manager
for Gallagher Retirement Services
in TX




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